Cache (CACH -10.4%) sinks after its Q4 meets expectations on revenue but misses on a per share...

|By:, SA News Editor

Cache (CACH -10.4%) sinks after its Q4 meets expectations on revenue but misses on a per share basis. The company posted weaker-than-expected profit as promotional activity pressured margins. The company also warns on the current quarter, saying that lower sales for special-occasion apparel and some spring merchandise forced it to increase promotional activity, which will likely pressure Q1 margins.